By Planet Retail2010-08-05T00:00:00+01:00
Lotte Shopping has reported strong results for the first half.
Gross sales rose 14% to KRW6.6trn (£3.7bn), while operating profit rose 31% to KRW590bn (£329m). Net profit grew 15% to KRW452bn (£252m).
Bloom & Wild has acquired French rival Bergamotte for an undisclosed sum, marking its second European acquisition in four months.
Walmart is to start selling its technology and logistics capabilities to smaller retailers as it seeks out fresh revenue streams in the wake of the Covid-19 pandemic.
The UK has launched an attempt to substantially rewrite the Northern Ireland protocol, as the Brexit minister said “we cannot go on as we are”.
With both Tesco and Superdry pulling out of international ventures on the same day, Retail Week asks whether UK retail is scaling back its global ambitions.
The coronavirus crisis will wipe $2.1trn (£1.7trn) off of global retail sales in 2020, new data has predicted.
The coronavirus outbreak has sparked fears and headlines worldwide since emerging in the Chinese city of Wuhan at the start of the year.
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